CORPORATE
DEEP-POCKET INVESTORS FOR AFRICAN VENTURE
In the 2000’s journalists have continuously cited ‘seven out of 10 of the world’s most rapidly growing economies are in Africa.’ In the 2020s, “three of ten major crypto users are in Africa.” Global investors from Asia’s entrepreneurs who are seeking to expand export to Africa to western crypto-evangelists, calling for an end to cen cantral finance are driving the widespread implementation of cryptography with its partner, DeFi. It is interesting to note that DeFi’s only biggest factor on the continent is small traders who trade with East Asia.
www.thetimesofafrica.com
Although Africa represents a small share of global aggregate consumption, retail consumption (i.e. consumer use) is more active than any other region.
different risk appetites and are forming their own solo general partnerships, encryption funds, rolling funds and angel syndicates.
Investors look for returns everywhere, including on the frontier markets and early stage investments, with nearly $10 billion of stimulus money entering into the US economy and trillions more around the world. Investing will also be motivated by the growing group of Super-Angeles, who are new to their tech initial public offerings in 2020. All of them have dramatically
Google’s DeepMind announced in November that it has resolved a 50year issue of mapping the protein form, enabling the development of vaccines that can be tried more quickly than ever. The new generation of vaccines with the AlphaFold technology from DeepMind will start in 2021. This will affect dozens of neglected tropical diseases throughout
THE TIMES OF AFRICA 19
